Medicaid Planning is the process of engaging in an estate planning strategy that may later qualify an individual for Medicaid Benefits.  A key part of that planning strategy is the creation of a Medicaid Asset Protection Trust.

Medicaid vs. Medicare

Medicaid is a federally funded long-term care program for the financially eligible. There is no age restriction to qualify, but you must meet certain income and asset criteria. If your income or assets exceed the qualifying limits you may still be eligible if you meet one of the many exceptions. If you still exceed the limits, Medicaid planning can be initiated to ensure your future eligibility should the need arise. 

Many people confuse Medicaid with Medicare. 

Medicare is a healthcare benefit provided by the federal government to individuals over age 65 or under age 65 but deemed Social Security-disabled for at least two years.